Grayscale Files Second S-1 Amendment for Bittensor ETF, Naming BitGo and BNY Mellon

Grayscale Investments filed amendment no. 2 to its Form S-1 registration statement for the Bittensor ETF with the US SEC, moving the trust toward a listing on NYSE Arca under the ticker GTAO. Coingape reported the filing on October 26, 2026.

Grayscale's Second Bittensor S-1 Amendment

The amendment advances the renaming of the trust to Grayscale Bittensor ETF, offering regulated exposure to TAO. Shares currently trade on the OTCQX market under GTAO. Grayscale has not revealed a management fee or any waiver for the first spot ETF tracking the TAO price.

A change from the previous amendment concerns the intention to list under Generic Listing Standards for commodity-based trust shares once TAO meets eligibility criteria. The primary custodian has changed to BitGo Bank & Trust, with Coinbase Custody as an additional custodian, Coinbase Custody as prime broker, and BNY as transfer agent and administrator. Creations and redemptions will occur in Baskets of 10,000 shares via in-kind transfers of TAO. The ETF will not trade until approval by the exchange, and staking plans remain under consideration.

Grayscale's October Filings and Research

Grayscale enabled in-kind investing across ten crypto ETPs effective October 21, 2026, allowing eligible digital assets to be exchanged for shares without cash, TradingView reported. The change followed SEC approval in July 2025 and aims to reduce execution costs and self-custody requirements.

Grayscale's Zcash ETF raised over $1 billion in its first 30 trading days, placing it among the top 1% of ETFs by first-month assets, The Motley Fool reported on October 24. Zcash has gained 149% year-to-date, with about 29% of holdings in shielded addresses.

Grayscale's October 23 research note examines three AI infrastructure business models: DATA's training data, USD.AI's GPU-backed lending, and Pearl's AI-computing blockchain rewards, TradingView reported on October 25.

Franklin Templeton and VanEck ETF Moves

Franklin Templeton received Nasdaq listing approval for two new Bitcoin DRIP strategy ETFs, which direct stock dividends into Bitcoin, Coingape reported on October 23. The Franklin spot Bitcoin ETF (EZBC) has drawn $335 million in total inflows.

Thailand's new crypto ETF framework took effect on October 16, initially allowing only Bitcoin and Ether, TechBullion reported on October 21. VanEck withdrew its SEC registration for a Lido Staked Ethereum ETF, confirming no shares will be issued, Crypto Briefing reported on October 14.

What Comes Next for the Bittensor ETF

Grayscale Bittensor ETF will not trade until approval by the exchange. The issuer aims to list shares on NYSE Arca under the ticker GTAO once TAO meets the eligibility criteria for Generic Listing Standards for commodity-based trust shares.